Borrowing Cut on half a million – OBI Online

When Kristiina OIS decided bought resales above apartment in a new building project, shrunken bank loan offers with nearly half a million kroner, according to Dagens Næringsliv.

She had originally plans to buy an apartment in a new housing project in Oslo to 2.89 million. Although her equity of 360,000 million only accounted for 12 percent of the purchase price, she nevertheless proof of financing.

– I had to convince your manager that I actually had the capacity to save up the rest of the amount. So I agreed with the bank to save a large sum every month, so I should have 15 percent equity when the property was ready for takeover in 2017, says OIS said.

When she still decided to buy resales, there was no way around equity requirement of 15 percent.

A survey Sparebank 1

SMN conducted among 400 first time buyers before the summer shows that 20 percent reported that they did deviations from equity requirement of 15 percent.

– Nåløyet were tighter for this group after July 1, says Credit Manager Sparebank 1 SMN, Change The Reitetinden, the DN.